CB Financial Services (NASDAQ:CBFV) Coverage Initiated at StockNews.com

Research analysts at StockNews.com began coverage on shares of CB Financial Services (NASDAQ:CBFV) in a note issued to investors on Friday. The firm set a “hold” rating on the bank’s stock.

Several other equities analysts have also weighed in on the stock. DA Davidson reaffirmed a “neutral” rating and set a $24.00 target price on shares of CB Financial Services in a report on Monday, February 5th. Janney Montgomery Scott started coverage on shares of CB Financial Services in a research note on Friday, December 8th. They issued a “neutral” rating and a $25.00 price target on the stock.

CB Financial Services Price Performance

NASDAQ:CBFV opened at $21.62 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $111.13 million, a price-to-earnings ratio of 4.95 and a beta of 0.56. The company has a 50 day moving average price of $22.65 and a 200-day moving average price of $22.42. CB Financial Services has a 1-year low of $17.20 and a 1-year high of $27.02.

CB Financial Services (NASDAQ:CBFV) last posted its earnings results on Wednesday, January 31st. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.57 by $0.03. The firm had revenue of $27.65 million during the quarter, compared to analyst estimates of $12.90 million. CB Financial Services had a net margin of 26.15% and a return on equity of 10.26%. Equities research analysts forecast that CB Financial Services will post 2.17 EPS for the current year.

Institutional Investors Weigh In On CB Financial Services

Institutional investors have recently added to or reduced their stakes in the stock. American Century Companies Inc. boosted its stake in CB Financial Services by 28.7% during the 1st quarter. American Century Companies Inc. now owns 15,928 shares of the bank’s stock worth $375,000 after purchasing an additional 3,552 shares during the last quarter. Vanguard Group Inc. boosted its stake in CB Financial Services by 0.3% during the 1st quarter. Vanguard Group Inc. now owns 185,433 shares of the bank’s stock worth $4,451,000 after purchasing an additional 495 shares during the last quarter. The Manufacturers Life Insurance Company boosted its stake in CB Financial Services by 1.8% during the 1st quarter. The Manufacturers Life Insurance Company now owns 157,095 shares of the bank’s stock worth $3,700,000 after purchasing an additional 2,742 shares during the last quarter. State Street Corp boosted its stake in CB Financial Services by 10.2% during the 2nd quarter. State Street Corp now owns 11,641 shares of the bank’s stock worth $266,000 after purchasing an additional 1,080 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in CB Financial Services during the 3rd quarter worth $233,000. Institutional investors and hedge funds own 33.06% of the company’s stock.

CB Financial Services Company Profile

CB Financial Services, Inc operates as the bank holding company for Community Bank that provides various banking products and services for individuals and businesses in southwestern Pennsylvania, West Virginia, and Ohio. The company's primary deposit products include demand deposits, NOW accounts, money market accounts, and savings accounts, as well as time deposit products.